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Oilfield services provider SLB ( NYSE: SLB ) acquires Gyrodata , a company that provides gyroscopic wellbore positioning and survey technology used in drilling and mining. Terms of the deal have not been disclosed. Deal will combine Gyrodata’s assets with SL...
Complementary technologies elevate drilling performance benchmarks SLB (NYSE: SLB) today announced it has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction w...
Summary The world's top oilfield services provider came out with third-quarter 2022 earnings of $907 million or $0.63 per share, beating analysts' expectations. Revenue was up 27.9%, from $5.847 billion last year to $7.477 billion. Cash from operations was $1,567 million, up signi...
Summary S&P 500 EPS growth for Q3 is set to come in at 1.5%, a slight increase from last week, but still at the lowest level since Q3 2020. The LERI improves to 85, doing an about-face and perhaps suggesting companies are not as uncertain in the short term. Peak earnings s...
Summary The iShares U.S. Energy ETF is benefiting from the macro environment - including Putin's horrific war-of-choice on Ukraine, which has effectively broken the global energy supply chain. IYE yields 3.7% and is up 59% YTD. The ETF is significantly overweight in Exxon (21....
Summary Baker Hughes Company reported third-quarter 2022 adjusted earnings of $0.26 per share, beating analysts' expectations this quarter. Total quarterly revenues of $5,369 million were below expectations. I recommend buying BKR on any weakness below $24.1 (50MA) with possib...
Schlumberger ( NYSE: SLB ) said Monday it has changed its name to SLB , which it said affirms its "transformation from the world's largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet." The company sa...
New identity focuses on energy innovation and decarbonization to address the world's energy needs today and to forge the road ahead for the energy transition Schlumberger (NYSE: SLB) today announced its new name—SLB—underscoring the company’s vision for a de...
Summary The top 4 names in the S&P 500 report their calendar Q3 ’22 earnings this week, although for Apple it’s their fiscal Q4 ’22. The forward 4-quarter estimate slid sequentially again this week to $232.61 from the prior week's $233.02. The forward 4-qu...
Friday was a good day for the broad market, but a great one for oil and gas stocks. Schlumberger Limited (NYSE: SLB) ended today's session up 10.3% following an encouraging third-quarter earnings report, lifting several competitors' stocks with it. Transocean (NYSE: RIG) ral...
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Regulatory News: SLB (NYSE: SLB) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris. Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, give...
Long-term partnership will digitally transform Aker BP’s subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/n...